As Recent Economic Conditions Improved, Trading Volumes in the Secondary

question 8

True/False

As recent economic conditions improved, trading volumes in the secondary market for LCD and EM debt reached approximately $6.5 trillion in 2011.

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Definitions:

Law of Torts

A component of civil law dealing with the compensation of victims for harm caused by someone’s negligence or intentional acts.

Standard of Care

The degree of attentiveness, caution, and prudence that a reasonable person in the circumstances would exercise.

Sixteen-Year-Old

A term generally referring to an individual who is 16 years of age.

Reasonable Person Standard

A legal standard used to determine what a hypothetical, reasonable person would consider to be prudent or appropriate in a given situation.